Motorpoint Group (LON:MOTR) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Motorpoint Group Plc (LON:MOTR) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 127.18 and traded as low as GBX 122.50. Motorpoint Group shares last traded at GBX 122.50, with a volume of 40,510 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MOTR. Shore Capital Group reaffirmed a “house stock” rating on shares of Motorpoint Group in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Motorpoint Group from GBX 190 to GBX 180 and set a “buy” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Motorpoint Group currently has a consensus rating of “Buy” and an average price target of GBX 180.

Motorpoint Group Stock Performance

The stock has a market cap of £103.52 million, a PE ratio of 26.00 and a beta of 0.78. The company has a fifty day moving average price of GBX 127.18 and a 200 day moving average price of GBX 134.55. The company has a quick ratio of 0.12, a current ratio of 1.06 and a debt-to-equity ratio of 226.34.

About Motorpoint Group

Motorpoint is the UK’s leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection stores, the Group provides an unrivalled offering in the nearly new and used car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes.